Both our day trading models are short. One has a wide stop and the other just snugged the stop to B/E. Looking for 226175 then 225850.
I really have no idea how this one plays out. Very mixed sentiment and technicals.
Mark
Short 1/2 for both models.
Started by
OEXCHAOS
, Jan 13 2017 01:15 PM
2 replies to this topic
#1
OEXCHAOS
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Mark S. Young
Posted 13 January 2017 - 01:15 PM
Mark S Young
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#2
OEXCHAOS
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Mark S. Young
Posted 13 January 2017 - 03:02 PM
Covered. Small gain for one model, smaller loss for the other. We have to step out.
M
Mark S Young
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#3
OEXCHAOS
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Mark S. Young
Posted 14 January 2017 - 01:51 PM
BTW, of tangential interest, these two models are complimentary and derive from almost the same indicators. The first is as mechanical as I can tolerate, with wider stops. The second allows me much more discretion and uses much tighter stops, and in fact snugs them down. The win ratio on the second model is better, but the trades are fewer and the average gain is a bit less.
I've found that the first model keeps me a bit more honest with the second model, so that I take more trades, which seems to improve performance.
On Friday, Model 1 (10/10) lost 0.75 on a half position. Model 2 (5/10) made 2.25.
M
Mark S Young
Wall Street Sentiment
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